Via EvergreenGavekal.com,
“Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded human history.”
– Charles De Gaulle, Leader of the French resistance during WWII and 18th President of France
SUMMARY
By Prof. Edward Curtin
Global Research, February 28, 2016
Over the past two weeks, we’ve begun to document (see here and here) what may end up being a dramatic unwind in the CLO market.
Supply all but vanished in the wake of the crisis but staged a comeback starting in 2012 and by 2014, issuance was running at a $125 billion per year clip. As we noted last week, that’s roughly the equivalent of how much auto loan-backed paper came to market last year.
The New York Times reports on Hillary Clinton’s role in the Libyan war. This passage sums up much of what’s wrong with how Clinton and her supporters think about how the U.S. should respond to foreign conflicts:
Authored by Eric Zuesse,
Foreign policy is both economic and military. An interpretation of U.S. President Barack Obama’s foreign policy will be presented here that explains both his economic and his military decisions to-date, and that shows he’s been carrying out the policies of his predecessors in office.